Annual report pursuant to Section 13 and 15(d)

Intangible Assets, Net and Goodwill (Tables)

v3.23.1
Intangible Assets, Net and Goodwill (Tables)
 12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of intangible asset
The Company had the following intangible assets (in thousands) with their weighted average remaining amortization period (in years):
Intangible Assets, Net
Weighted Average Remaining Amortization Period
As of December 31,
2022 2021
Customer Relationships 10 $ 17,325  $ 6,120 
Digital Networks 17 3,537  – 
Trade Names 68 11,783  4,000 
Technology 2 293  – 
Non Compete – –  60 
Other Intangible Assets (a) 2 325  301 
Intangible Assets, Gross 33,263  10,481 
Less Accumulated Amortization (2,398) (772)
Foreign Currency Translation Adjustment (1,698) 24 
Intangible Assets, Net $ 29,167  $ 9,733 
_______________________
(a)Represents the remaining unamortized logo and website intangible assets related to the merger with A Squared.
Summary of expected future intangible asset amortization
Expected future intangible asset amortization as of December 31, 2022 is as follows (in thousands):
Fiscal Year:
2023 $ 2,327 
2024 2,321 
2025 2,216 
2026 2,210 
2027 2,210 
Thereafter 10,674 
Total $ 21,958 
Schedule of goodwill
The following table summarizes the changes in the carrying amount of goodwill by reportable segment (in thousands):
Content Production & Distribution Media Advisory & Advertising Services Total
Goodwill as of December 31, 2021 $ 10,366  $ 4,861  $ 15,227 
Acquisition of Ameba 1,422  –  1,422 
Acquisition of Wow 21,398  –  21,398 
Goodwill Impairment –  (4,857) (4,857)
Foreign Currency Translation Adjustment (1,379) (4) (1,383)
Goodwill as of December 31, 2022 $ 31,807  $ –  $ 31,807